SlideShare a Scribd company logo
1. In understanding a client's internal control, the most important aspect of any internal control
is Hint: Think of substance versus form a. having competent and trustworthy personnel who
follows internal control policies and procedures b. obtaining sufficient information about a
client's risk assessment relevant to the preparation of financial statements. e. separating the
function (duty) of authorization, record keeping, and asset custody d. monitoring th e operating
effectiveness and efficiency of internal controls by management.
Solution

More Related Content

More from fashionfolionr

4. An upward shift in the Reserve Bank of Australias policy reactio.pdf
4. An upward shift in the Reserve Bank of Australias policy reactio.pdf4. An upward shift in the Reserve Bank of Australias policy reactio.pdf
4. An upward shift in the Reserve Bank of Australias policy reactio.pdf
fashionfolionr
 
Write a function prototype for each of the following functions (Jus.pdf
Write a function prototype for each of the following functions (Jus.pdfWrite a function prototype for each of the following functions (Jus.pdf
Write a function prototype for each of the following functions (Jus.pdf
fashionfolionr
 
Why is white collar crime is so difficult to address with law enforc.pdf
Why is white collar crime is so difficult to address with law enforc.pdfWhy is white collar crime is so difficult to address with law enforc.pdf
Why is white collar crime is so difficult to address with law enforc.pdf
fashionfolionr
 
What is Eulers number and who is it named after Can you name some.pdf
What is Eulers number and who is it named after Can you name some.pdfWhat is Eulers number and who is it named after Can you name some.pdf
What is Eulers number and who is it named after Can you name some.pdf
fashionfolionr
 
Using C++...Hints- Use binary file readwrite to store employee .pdf
Using C++...Hints- Use binary file readwrite to store employee .pdfUsing C++...Hints- Use binary file readwrite to store employee .pdf
Using C++...Hints- Use binary file readwrite to store employee .pdf
fashionfolionr
 
Unless specifically legally permitted, agreements to suppress or eli.pdf
Unless specifically legally permitted, agreements to suppress or eli.pdfUnless specifically legally permitted, agreements to suppress or eli.pdf
Unless specifically legally permitted, agreements to suppress or eli.pdf
fashionfolionr
 
There are tremendous pressures on selected industrialized countries,.pdf
There are tremendous pressures on selected industrialized countries,.pdfThere are tremendous pressures on selected industrialized countries,.pdf
There are tremendous pressures on selected industrialized countries,.pdf
fashionfolionr
 
This week we covered Accounting and Payroll liabilities and the diff.pdf
This week we covered Accounting and Payroll liabilities and the diff.pdfThis week we covered Accounting and Payroll liabilities and the diff.pdf
This week we covered Accounting and Payroll liabilities and the diff.pdf
fashionfolionr
 
t Assignment 2 Econ 201 Importance of scarcity. SolutionScarc.pdf
t Assignment 2 Econ 201 Importance of scarcity. SolutionScarc.pdft Assignment 2 Econ 201 Importance of scarcity. SolutionScarc.pdf
t Assignment 2 Econ 201 Importance of scarcity. SolutionScarc.pdf
fashionfolionr
 
Stark Company has five employees. Employees paid by the hour receive.pdf
Stark Company has five employees. Employees paid by the hour receive.pdfStark Company has five employees. Employees paid by the hour receive.pdf
Stark Company has five employees. Employees paid by the hour receive.pdf
fashionfolionr
 
Silas, Cole, and Addison are on the same Learning Team at UOP. If ea.pdf
Silas, Cole, and Addison are on the same Learning Team at UOP. If ea.pdfSilas, Cole, and Addison are on the same Learning Team at UOP. If ea.pdf
Silas, Cole, and Addison are on the same Learning Team at UOP. If ea.pdf
fashionfolionr
 
Q1 Discuss three types of accounting anomalies and define why they .pdf
Q1 Discuss three types of accounting anomalies and define why they .pdfQ1 Discuss three types of accounting anomalies and define why they .pdf
Q1 Discuss three types of accounting anomalies and define why they .pdf
fashionfolionr
 
QUESTION 2727. A profit center is the same as a revenue center.T.pdf
QUESTION 2727. A profit center is the same as a revenue center.T.pdfQUESTION 2727. A profit center is the same as a revenue center.T.pdf
QUESTION 2727. A profit center is the same as a revenue center.T.pdf
fashionfolionr
 
Please help in understanding about work and heat. When elemental.pdf
Please help in understanding about work and heat. When elemental.pdfPlease help in understanding about work and heat. When elemental.pdf
Please help in understanding about work and heat. When elemental.pdf
fashionfolionr
 
13. The money expansion process is stronger when cash leakages are an.pdf
13. The money expansion process is stronger when cash leakages are an.pdf13. The money expansion process is stronger when cash leakages are an.pdf
13. The money expansion process is stronger when cash leakages are an.pdf
fashionfolionr
 
116. Rosalie Corporation is located in Los Angeles but does busines.pdf
116. Rosalie Corporation is located in Los Angeles but does busines.pdf116. Rosalie Corporation is located in Los Angeles but does busines.pdf
116. Rosalie Corporation is located in Los Angeles but does busines.pdf
fashionfolionr
 
Name the seven tools of quality that are typically used in a manufac.pdf
Name the seven tools of quality that are typically used in a manufac.pdfName the seven tools of quality that are typically used in a manufac.pdf
Name the seven tools of quality that are typically used in a manufac.pdf
fashionfolionr
 
List of Possible Staphylococcus Unknowns S. capitus subsp capitus S..pdf
List of Possible Staphylococcus Unknowns S. capitus subsp capitus  S..pdfList of Possible Staphylococcus Unknowns S. capitus subsp capitus  S..pdf
List of Possible Staphylococcus Unknowns S. capitus subsp capitus S..pdf
fashionfolionr
 
1. How many list objects are created by the code below x = [5].pdf
1. How many list objects are created by the code below x = [5].pdf1. How many list objects are created by the code below x = [5].pdf
1. How many list objects are created by the code below x = [5].pdf
fashionfolionr
 
How does the nature of networks affect the deployment of IPv6So.pdf
How does the nature of networks affect the deployment of IPv6So.pdfHow does the nature of networks affect the deployment of IPv6So.pdf
How does the nature of networks affect the deployment of IPv6So.pdf
fashionfolionr
 

More from fashionfolionr (20)

4. An upward shift in the Reserve Bank of Australias policy reactio.pdf
4. An upward shift in the Reserve Bank of Australias policy reactio.pdf4. An upward shift in the Reserve Bank of Australias policy reactio.pdf
4. An upward shift in the Reserve Bank of Australias policy reactio.pdf
 
Write a function prototype for each of the following functions (Jus.pdf
Write a function prototype for each of the following functions (Jus.pdfWrite a function prototype for each of the following functions (Jus.pdf
Write a function prototype for each of the following functions (Jus.pdf
 
Why is white collar crime is so difficult to address with law enforc.pdf
Why is white collar crime is so difficult to address with law enforc.pdfWhy is white collar crime is so difficult to address with law enforc.pdf
Why is white collar crime is so difficult to address with law enforc.pdf
 
What is Eulers number and who is it named after Can you name some.pdf
What is Eulers number and who is it named after Can you name some.pdfWhat is Eulers number and who is it named after Can you name some.pdf
What is Eulers number and who is it named after Can you name some.pdf
 
Using C++...Hints- Use binary file readwrite to store employee .pdf
Using C++...Hints- Use binary file readwrite to store employee .pdfUsing C++...Hints- Use binary file readwrite to store employee .pdf
Using C++...Hints- Use binary file readwrite to store employee .pdf
 
Unless specifically legally permitted, agreements to suppress or eli.pdf
Unless specifically legally permitted, agreements to suppress or eli.pdfUnless specifically legally permitted, agreements to suppress or eli.pdf
Unless specifically legally permitted, agreements to suppress or eli.pdf
 
There are tremendous pressures on selected industrialized countries,.pdf
There are tremendous pressures on selected industrialized countries,.pdfThere are tremendous pressures on selected industrialized countries,.pdf
There are tremendous pressures on selected industrialized countries,.pdf
 
This week we covered Accounting and Payroll liabilities and the diff.pdf
This week we covered Accounting and Payroll liabilities and the diff.pdfThis week we covered Accounting and Payroll liabilities and the diff.pdf
This week we covered Accounting and Payroll liabilities and the diff.pdf
 
t Assignment 2 Econ 201 Importance of scarcity. SolutionScarc.pdf
t Assignment 2 Econ 201 Importance of scarcity. SolutionScarc.pdft Assignment 2 Econ 201 Importance of scarcity. SolutionScarc.pdf
t Assignment 2 Econ 201 Importance of scarcity. SolutionScarc.pdf
 
Stark Company has five employees. Employees paid by the hour receive.pdf
Stark Company has five employees. Employees paid by the hour receive.pdfStark Company has five employees. Employees paid by the hour receive.pdf
Stark Company has five employees. Employees paid by the hour receive.pdf
 
Silas, Cole, and Addison are on the same Learning Team at UOP. If ea.pdf
Silas, Cole, and Addison are on the same Learning Team at UOP. If ea.pdfSilas, Cole, and Addison are on the same Learning Team at UOP. If ea.pdf
Silas, Cole, and Addison are on the same Learning Team at UOP. If ea.pdf
 
Q1 Discuss three types of accounting anomalies and define why they .pdf
Q1 Discuss three types of accounting anomalies and define why they .pdfQ1 Discuss three types of accounting anomalies and define why they .pdf
Q1 Discuss three types of accounting anomalies and define why they .pdf
 
QUESTION 2727. A profit center is the same as a revenue center.T.pdf
QUESTION 2727. A profit center is the same as a revenue center.T.pdfQUESTION 2727. A profit center is the same as a revenue center.T.pdf
QUESTION 2727. A profit center is the same as a revenue center.T.pdf
 
Please help in understanding about work and heat. When elemental.pdf
Please help in understanding about work and heat. When elemental.pdfPlease help in understanding about work and heat. When elemental.pdf
Please help in understanding about work and heat. When elemental.pdf
 
13. The money expansion process is stronger when cash leakages are an.pdf
13. The money expansion process is stronger when cash leakages are an.pdf13. The money expansion process is stronger when cash leakages are an.pdf
13. The money expansion process is stronger when cash leakages are an.pdf
 
116. Rosalie Corporation is located in Los Angeles but does busines.pdf
116. Rosalie Corporation is located in Los Angeles but does busines.pdf116. Rosalie Corporation is located in Los Angeles but does busines.pdf
116. Rosalie Corporation is located in Los Angeles but does busines.pdf
 
Name the seven tools of quality that are typically used in a manufac.pdf
Name the seven tools of quality that are typically used in a manufac.pdfName the seven tools of quality that are typically used in a manufac.pdf
Name the seven tools of quality that are typically used in a manufac.pdf
 
List of Possible Staphylococcus Unknowns S. capitus subsp capitus S..pdf
List of Possible Staphylococcus Unknowns S. capitus subsp capitus  S..pdfList of Possible Staphylococcus Unknowns S. capitus subsp capitus  S..pdf
List of Possible Staphylococcus Unknowns S. capitus subsp capitus S..pdf
 
1. How many list objects are created by the code below x = [5].pdf
1. How many list objects are created by the code below x = [5].pdf1. How many list objects are created by the code below x = [5].pdf
1. How many list objects are created by the code below x = [5].pdf
 
How does the nature of networks affect the deployment of IPv6So.pdf
How does the nature of networks affect the deployment of IPv6So.pdfHow does the nature of networks affect the deployment of IPv6So.pdf
How does the nature of networks affect the deployment of IPv6So.pdf
 

Recently uploaded

The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
DhatriParmar
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
Jisc
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
Special education needs
 
Marketing internship report file for MBA
Marketing internship report file for MBAMarketing internship report file for MBA
Marketing internship report file for MBA
gb193092
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
Celine George
 
Honest Reviews of Tim Han LMA Course Program.pptx
Honest Reviews of Tim Han LMA Course Program.pptxHonest Reviews of Tim Han LMA Course Program.pptx
Honest Reviews of Tim Han LMA Course Program.pptx
timhan337
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
Jisc
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
JosvitaDsouza2
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
Sandy Millin
 
A Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in EducationA Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in Education
Peter Windle
 
Francesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptxFrancesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptx
EduSkills OECD
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
siemaillard
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Thiyagu K
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
Tamralipta Mahavidyalaya
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp NetworkIntroduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
TechSoup
 
Digital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion DesignsDigital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion Designs
chanes7
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
TechSoup
 

Recently uploaded (20)

The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
 
Marketing internship report file for MBA
Marketing internship report file for MBAMarketing internship report file for MBA
Marketing internship report file for MBA
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
 
Honest Reviews of Tim Han LMA Course Program.pptx
Honest Reviews of Tim Han LMA Course Program.pptxHonest Reviews of Tim Han LMA Course Program.pptx
Honest Reviews of Tim Han LMA Course Program.pptx
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
 
A Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in EducationA Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in Education
 
Francesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptxFrancesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptx
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp NetworkIntroduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
 
Digital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion DesignsDigital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion Designs
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
 

1. In understanding a clients internal control, the most important .pdf

  • 1. 1. In understanding a client's internal control, the most important aspect of any internal control is Hint: Think of substance versus form a. having competent and trustworthy personnel who follows internal control policies and procedures b. obtaining sufficient information about a client's risk assessment relevant to the preparation of financial statements. e. separating the function (duty) of authorization, record keeping, and asset custody d. monitoring th e operating effectiveness and efficiency of internal controls by management. Solution